Angel Oak Announces Changes to Repo Line Language December 21, 2022 Paul Muolo The 8-K suggests the deal buys Angel Oak more time as it copes with a turbulent market.Read More
The GOP, Not Surprisingly, Takes Aim at Chopra December 21, 2022 Sam Manas Chopra noted the market share of ARMs has almost doubled...Read More
Banks Immune from the Mortgage Slowdown? Hardly... December 21, 2022 Namrata Bhatia Depositories are not required to report their portfolio-lending activity in their call-report disclosures.Read More
CFPB Slams Wells for Being a ‘Repeat’ Abuser of its Customers, Orders $3.7 Billion in Redress December 20, 2022 Sam Manas Wells is the nation's largest servicer of residential mortgages...Read More
An M&A Deal Brewing Between Union Home and AmeriFirst? December 20, 2022 Paul Muolo Union Home ranks 63rd among single-family originators...Read More
Brokerage UMortgage is Busy Kicking Some M&A Tires December 19, 2022 Paul Muolo After the NXT deal is completed, UMortgage will have 239 loan originators in 47 states...Read More
Consumers Still Tend to Shy Away From Mortgage Shopping December 19, 2022 Namrata Bhatia Education levels led to some differences in consumer behaviors...Read More
Short Takes: Carpe Diem Time for Depositories and Mortgages? / Advantages / Scalable? / A Sudden Departure at Rithm / Fighting Homelessness December 19, 2022 Paul Muolo and Monica Hogan But will banks cash in on their supposed advantage?Read More
Hope Floats for the Non-QM Sector December 16, 2022 Namrata Bhatia The Deephaven executive believes the non-QM space will expand over the next three to five years...Read More
Another Bank Gives Up the Ghost of Wholesale Lending December 16, 2022 Paul Muolo Will the last federally insured depository in wholesale lending please turn off the lights when it leaves? After buying MUFG Union, U.S. Bank is pulling the plug on Union Bank’s loan broker business.Read More
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